Money in the Bank? Assessing Families' Liquid Savings using the Survey of Consumer Finances

Neil Bhutta and Lisa Dettling

No 2018-11-19, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: We estimate that sixty percent of American families have liquid savings of less than three months of their own expenses, and nearly one-quarter have less than $400. In this Note we use data from the Federal Reserve Board's triennial Survey of Consumer Finances (SCF) to directly assess American families' liquid savings.

Date: 2018-11-19
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2018-11-19

DOI: 10.17016/2380-7172.2275

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